A small retrace, is followed by a bullish jump. A full correction, is followed by a complete bullish cycle. This is what the Lido DAO—LDOUSDT—chart shows.
On the left side, there is a retrace followed by a price jump. If we go further back, the same dynamic repeats. A small retrace followed by a jump. If we go even further back, we see a full correction being followed by a full bullish cycle.
See the chart today, it is the same all over again.
LDOUSDT went through a massive correction and this creates the scenario for a new cycle to start.
Today, the action wicked lower and then the candle turned full green with rising volume. Even more, a shy higher low compared to 8-March. The trading is happening above the 6-Feb low.
These are bottom reversal signals and a powerful bullish chart. Bitcoin will recover as well.
I am seeing many altcoins like this, they are starting to grow strong, this means that Bitcoin’s retrace is reaching its end. When the market is about to turn big green, many of the altcoins start to move first.
See how Bitcoin turned red, yet these altcoins are moving up. If Bitcoin was set to continue down, say to $40,000, then these altcoins would be deep in the red, crashing strong.
This is the proof that the market is set to grow.
Patience is key.
Thank you again for your continued support.
Retraces, such as it is happening today, open the opportunity for great entry prices. Now is the time to buy, as the market moves to support. Buy when the market is red. When the market reaches resistance and is turning green, that’s the time to take profits.
Namaste.